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Professional Indemnity

$100.00

It is common for employees to provide advice to their customers as part of their services. Any wrong advice may result to a civil claim brought upon the company.

A Professional Indemnity Insurance covers legal costs and expenses incurred in your defense, as well as any damages or costs that may be awarded, if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.

Such claims are not restricted to professional such as Estate Agents, Doctors, Lawyers, Engineers, Designers. Many of these professionals in Singapore are required to have a Professional Indemnity insurance by their society or governing body prior to providing advice.


Features
Policy coverage features include: Broad definition of insured person including the company, employees etc. ; Worldwide cover; Retroactive Cover; Legal Representation at investigations, Emergency Defense Costs and Legal Representation Expenses, Advancement of Defense Costs.
Enhance your coverage
Enhance your policy with extensions: Fraud and Dishonesty, Previous Business, Automatic Reinstatement.
Find a Broker
For more information, please contact us at:
Email : awg@awginsurance.com
SKU: LI-3 Category:

Product Description

It is common for employees to provide advice to their customers as part of their services. Any wrong advice may result to a civil claim brought upon the company.

A Professional Indemnity Insurance covers legal costs and expenses incurred in your defense, as well as any damages or costs that may be awarded, if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.

Such claims are not restricted to professional such as Estate Agents, Doctors, Lawyers, Engineers, Designers. Many of these professionals in Singapore are required to have a Professional Indemnity insurance by their society or governing body prior to providing advice.